PANews, June 11: According to The Block, Canton network developer Digital Asset has completed a $355 million funding round led by a16z crypto, with investors including subsidiaries of the Abu Dhabi Investment Authority, Apollo Funds, BNP Paribas, Citadel Securities, CME Ventures, Coinbase Ventures, HSBC, S&P Global, SBI Group, SoFi, and Tradeweb. CEO Yuval Rooz stated that this was an equity financing round, with most institutions also being potential users of Canton; the funds will be used to accelerate partnerships with institutional clients, mergers and acquisitions, and participation in relevant projects.
Digital Asset Completes $355M Funding Round Led by a16z Crypto
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Summary
Digital asset news: Digital Asset has closed a $355 million funding round led by a16z Crypto. The funding round includes participation from the Abu Dhabi Investment Authority, BNP Paribas, Coinbase Ventures, and others. CEO Yuval Rooz stated that this equity-based round will support institutional collaboration, M&A, and project development. Most investors are also potential Canton users.
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